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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (17114)8/19/2003 12:06:13 AM
From: speculux  Respond to of 39344
 
Universality may not be the most important issue in determining what is money but I think things like 'ease of use' and 'common acceptability' either locally or internationally are significant factors. Under this determination there can be no doubt that gold is not money. I know this first hand as I recently tried to transact some gold coinage in a local 7-11 and then later at a Wendy's. Boy oh boy, those fella's had no sense of humor at all especially when I tried to tell them about the coming age and new world monetary order.

Anyway, this issue is academic IMO and is not required by the unfolding psychology which will drive gold shares higher.

Regards



To: Claude Cormier who wrote (17114)8/19/2003 6:00:33 AM
From: TheBusDriver  Read Replies (1) | Respond to of 39344
 
<<Many national currencies are not accepted universally in commerce.>>

Very true. Scottish pound notes are not accepted overseas but English notes are, much to the disgust of Scots!

The thing is CC, goldmoney needs to be converted to a fiat currency at some point. For it to be money would require no conversion. Very few businesses accept gg's as payment. Maybe that will change, donno.

Wayne


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